Eskom meets with business leaders to help end load shedding

Eskom announced on Sunday that it had a meeting with the CEOs and business leaders of the best companies in South Africa to find a solution to the country’s energy crisis.

The session, hosted by the Johannesburg Stock Exchange (JSE) and Business Leadership South Africa (BLSA), took place on Friday.

More than 70 business leaders were included in the meeting, according to Eskom.

“The purpose of the discussion was to identify initiatives where the parties can collaborate and create opportunities to leverage the investment potential of the private sector and reap low-hanging fruit in the electricity industry,” said André de Ruyter, Eskom Group CEO.

De Ruyter reiterated his plan to secure South Africa’s electricity supply by reducing demand and increasing Eskom’s capacity.

ALSO READ: Eskom to add new generation capacity ‘urgently’, says Ramaphosa

He wants the private sector to help him achieve this.

Four areas where businesses can help

According to Eskom, companies can do this by focusing on four areas.

The first is for the private sector to invest in its own power generation projects and independent power producers (IPPs.

The second is that large companies use electricity sparingly.

The third is to help provide security to protect the electricity infrastructure from vandalism and theft.

The final area is to contribute to the development and alignment of policies to improve the energy and industrial sectors.

Ramaphosa’s energy plan

After the President comes the meeting between Eskom and the private sector Cyril Ramaphosa said last week that Eskom will add new generation capacity “on an urgent basis”.

He also called on citizens to help end South Africa’s load shedding crisis.

“This is a great way for all South Africans to be part of the solution to contribute in any way we can to end energy shortages in South Africa,” he said.

Ramaphosa said his government new measures it would improve Eskom’s existing fleet of power stations and increase private sector participation in generation capacity, among other things.

He added that the measures would change the electricity sector by allowing businesses and households to invest in solar panels.

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